Noticias y eventos de Orchid Island Capital Inc (ORC)ORCOrchid Island Capital Inc

Q2 Book Value Per Share at $7.22

Reports Q2 book value per share $7.22. Commenting on the second quarter of 2026 results, Robert E. Cauley, Chairman and Chief Executive Officer, said, "The first quarter of 2026 ended with the outbreak of war in the Middle East as the markets' primary focus. Prior to the war in the Middle East, risk assets, including Agency RMBS, had performed very well as interest rates were stable and rate volatility was low and declining. The war in the Middle East briefly changed this, but, in early April of 2026, a ceasefire was announced between the parties and risk assets rallied back, including Agency RMBS. For equities, like the S&P 500 Index, the recovery resulted in the Index exceeding pre-war levels substantially. On June 6, 2026, the Index reached an all-time high of just over 7,600 as compared to readings below 7,000 prior to the war in the Middle East. For Agency RMBS, the recovery was far less. The inflationary stimuli from the war in the Middle East in addition to the disruption in the supply of oil and other critical commodities, coupled with an inflation level that has been well above 2% for over five years, led interest rates to increase, market pricing of the Federal Reserve's monetary policy to pivot from potential eases on the horizon to hikes, and the curve to flatten considerably. On May 22, 2026, Kevin Warsh became the new Chairman of the Fed and, at his first press conference, he announced his strong desire to bring inflation back in line as quickly as possible. The current coupon Agency RMBS spread to the 10-year swap, a proxy for levered investing in the sector, had widened to just over 160 basis points in late March of 2026 before rallying to approximately 130 basis points in mid-April of 2026. However, the markets' reaction to the new Fed Chairman and the inflation outlook led mortgage spreads to widen. They have since settled into a range between 135 basis points and 145 basis points. Interest rate volatility has fallen into a low range since the ceasefire was announced, with the MOVE index readings generally between 65 basis points and 75 basis points since early April of 2026."

Company Reports Preliminary Q2 Book Value Per Share of $7.22

Reports preliminary Q2 book value per share $7.22. The company estimates it generated net income per share of 44c for the quarter ended June 30, which includes an estimated 18c per share of net realized and unrealized gains on RMBS and derivative instruments.

Orchid Island Capital Increases Stock Repurchase Program to 26,612,580 Shares

Orchid Island Capital announced that the Board of Directors of the company approved an increase to its previously announced stock repurchase program for up to an additional 25,000,000 shares of the company's common stock, which results in a total authorization under the Repurchase Program for up to 26,612,580 shares, representing approximately 13.3% of the company's currently outstanding shares of common stock.